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Rabu, 12 Oktober 2011

A better entry

As I wrote in the previous post, entering at the resistance and going for the breakout is dangerous for my approach. Today I entered at the local temporary roof, as price was doing little HHs and HLs and could move up. Price moved back, just 1 pip above my stop... (and the doctor told me : no stress!..).  Then price reversed and I had some gains. A better entry is pointed by the arrow, on the MA.

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